Some See $85-Oil As Just The Beginning; One Well Coming Off Confidential List Today -- August 9, 2023

Locator: 45395B.

WTI: $83.69.

• Irina Slav sees the $85-oil as just the beginning;
• about six months ago I swore off any new money going "into oil" but yesterday, I couldn't help myself; added more oil to the portfolio;

Thursday, August 10, 2023: 17 for the month; 219 for the quarter, 474 for the year
39455, conf, CLR, Edward 4-23H1, 
38915, conf, Enerplus, MC-Kudrna 144-95-10-3-5H, 

Wednesday, August 9, 2023: 15 for the month; 217 for the quarter, 472 for the year
39456, conf, CLR, Edward 6-23H1

The CLR Edward wells in Little Knife oil field are tracked here. The first CLR well, drilled back in 2012, was a relatively pathetic well:

• 20363, 668, CLR, Edward 1-23H, Little Knife, t2/12; cum 336K 9/22;

RBN Energy: permitting for energy projects proves to be a delicate act. I think COP noted that when it pounced on Surmont.

When it comes to proposals to build large-scale energy projects, whether it’s a new electric transmission line, a mining complex, or an interstate oil or gas pipeline, the permitting process can be a delicate balancing act. Nearly everyone understands that appropriate social and environmental safeguards are essential. At the same time, the permitting process can’t be so cumbersome that it takes a decade or more to build that transmission line, complete that mine, or get a pipeline into operation. There’s a general understanding that the permitting process needs to be improved but, as the title of today’s blog implies, it’s a whole lot easier said than done.